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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (53851)2/14/2006 10:47:56 PM
From: GST  Read Replies (5) | Respond to of 110194
 
Don't be a big dummy Mike -- prices DO rise for reasons other than money supply. Perhaps you are familiar with the following expression -- supply and demand. You must know something about the supply of money, the demand for money, the supply of goods and the demand for goods to know anything about the direction of prices. Mish and other economic knuckle draggers think it is all a matter of one of these factors -- the supply of money. Even more dumb, they make a leap from this assumption to wave off the entire concept of price changes as irrelevant and too difficult to measure. Take a stupid ideology to an extreme and you end up just plain old stupid. INflation is not a change in money supply -- money supply is simply one of many, many factors that influence long term price changes.